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A comment on What I learned from reading a thousand emergency room bills. Parent comment
Basically economics talk for how the second best solution might not be close to the best solution (i.e. there are local maxima).
A perfectly free market might be theoretically best, but socialised healthcare might be better than a badly regulated private system.
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Basically economics talk for how the second best solution might not be close to the best solution (i.e. there are local maxima).
A perfectly free market might be theoretically best, but socialised healthcare might be better than a badly regulated private system.